MML Investors Services LLC bought a new stake in Colony NorthStar Inc (NYSE:CLNS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,589 shares of the real estate investment trust’s stock, valued at approximately $132,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Opus Capital Group LLC acquired a new position in Colony NorthStar in the fourth quarter valued at $114,000. American International Group Inc. acquired a new position in Colony NorthStar in the fourth quarter valued at $128,000. Lourd Capital LLC acquired a new position in Colony NorthStar in the fourth quarter valued at $242,000. Syntal Capital Partners LLC acquired a new position in Colony NorthStar in the fourth quarter valued at $259,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Colony NorthStar in the fourth quarter valued at $287,000. Institutional investors and hedge funds own 82.84% of the company’s stock.
Colony NorthStar stock opened at $5.50 on Friday. Colony NorthStar Inc has a fifty-two week low of $5.28 and a fifty-two week high of $14.74. The firm has a market cap of $2,972.65, a PE ratio of -8.73 and a beta of 1.21. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Wednesday, March 28th. Colony NorthStar’s payout ratio is presently -171.43%.
Several equities analysts recently issued reports on CLNS shares. JMP Securities upgraded shares of Colony NorthStar from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Friday, January 5th. B. Riley reiterated a “buy” rating and set a $15.00 price objective on shares of Colony NorthStar in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Colony NorthStar from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $19.00 price objective on shares of Colony NorthStar in a report on Wednesday, January 31st. Finally, ValuEngine upgraded shares of Colony NorthStar from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Colony NorthStar currently has an average rating of “Buy” and an average target price of $12.00.
In other Colony NorthStar news, Director John Steffens bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average cost of $5.94 per share, with a total value of $59,400.00. Following the completion of the transaction, the director now directly owns 61,690 shares in the company, valued at approximately $366,438.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.99% of the company’s stock.
Colony NorthStar Company Profile
Colony NorthStar, Inc is a diversified equity real estate investment trust (REIT). The Company combines a portfolio of real assets across the world, which are managed with a global real estate investment manager. The Company has property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments, and an embedded institutional and retail investment management business.
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